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More men are addicted to the 'crack cocaine' of the stock market

wsj.com

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Re: More men are addicted to the 'crack cocaine' of the stock market

#111

Post by inemesitaffia »

dgacmu wrote: post #70
matt3210 wrote: post #38

At one point I knew I could beat the market with l33t software skills. I was wrong and only realized it after donating about 3k to Wall Street.

I have net managed to beat the market. My estimate is that I've earned approximately $3/hour for the time I've spent doing so. And I was trading in such thinly traded options that it wasn't a matter of "scaling up" - I was literally only able to make money because I was picking up the pennies nobody else cared about. (And/or trading on events that were were rare, obvious, and in an area I understood, which also doesn…

Did you consider writing a bot?

Re: More men are addicted to the 'crack cocaine' of the stock market

#112

Post by lifestyleguru »

epolanski wrote: post #9

I remember a controversial scamming figure in Italy that made millions by selling lucky numbers for lotteries or exploiting people's stupidity to part them with their life savings. Her motto was "idiots _have_ to be scammed". While this figure was morally and ethically deplorable, it always made me think how her motto essentially implied that there was an element of pure natural selection happening and she saw hersel…

Is the person from Naples, perchance?

Re: More men are addicted to the 'crack cocaine' of the stock market

#114

Post by lifestyleguru »

epolanski wrote: post #9

I remember a controversial scamming figure in Italy that made millions by selling lucky numbers for lotteries or exploiting people's stupidity to part them with their life savings. Her motto was "idiots _have_ to be scammed". While this figure was morally and ethically deplorable, it always made me think how her motto essentially implied that there was an element of pure natural selection happening and she saw hersel…

> Her motto was "idiots _have_ to be scammed".

So all Americans in context of health insurance? All Italians in context of their byzantine bureaucracy and taxation system? All Europeans in context of social and retirement systems? All developed world in context of housing market? It turned into dog eat dog "eat the sucker" attitude. On top of the hierarchy we got really nasty predators, they look at YOU and see an idiot sucker.

Re: More men are addicted to the 'crack cocaine' of the stock market

#115

Post by jdmoreira »

lifestyleguru wrote: post #114
epolanski wrote: post #9

I remember a controversial scamming figure in Italy that made millions by selling lucky numbers for lotteries or exploiting people's stupidity to part them with their life savings. Her motto was "idiots _have_ to be scammed". While this figure was morally and ethically deplorable, it always made me think how her motto essentially implied that there was an element of pure natural selection happening and she saw hersel…

> Her motto was "idiots _have_ to be scammed". So all Americans in context of health insurance? All Italians in context of their byzantine bureaucracy and taxation system? All Europeans in context of social and retirement systems? All developed world in context of housing market? It turned into dog eat dog "eat the sucker" attitude. On top of the hierarchy we got really nasty predators, they look at YOU and see an id…

> All Europeans in context of social and retirement systems?

Can you please explain? You probably know something I don't

Re: More men are addicted to the 'crack cocaine' of the stock market

#116

Post by lifestyleguru »

jdmoreira wrote: post #115
lifestyleguru wrote: post #114

Earlier quoted context omitted.

> Her motto was "idiots _have_ to be scammed". So all Americans in context of health insurance? All Italians in context of their byzantine bureaucracy and taxation system? All Europeans in context of social and retirement systems? All developed world in context of housing market? It turned into dog eat dog "eat the sucker" attitude. On top of the hierarchy we got really nasty predators, they look at YOU and see an id…

> All Europeans in context of social and retirement systems? Can you please explain? You probably know something I don't

First demography of native populations, second the population from last decade's migration crisis don't seem to be contributing into the systems. Employed suckers think that 40% deduction from monthly paycheck is waiting there to help and save them in case of any troubles in the future or in the old age.

Re: More men are addicted to the 'crack cocaine' of the stock market

#117

Post by epolanski »

bluGill wrote: post #75
seattle_spring wrote: post #60

Earlier quoted context omitted.

I disagree with the comparison. A "drunk woman out by themselves" is, at the end of the day, just a person exercising their right to exist. A stock-market gambler, on the other hand, is literally betting on the bad decisions of whoever is on the other side of their trades. It's a predatory position to be in, and deserves a whole lot less sympathy.

That same logic says the rapist is betting on stupid women.

No, how?

WSB users are doing that to themselves. You can't possibly compare them to a raped person.

Re: More men are addicted to the 'crack cocaine' of the stock market

#118

Post by kristianp »

inopinatus wrote: post #41
jshpool wrote: post #5

Lot of people are becoming more knowledgable and skillful. But purpose is the missing ingredient. Without purpose or a motivator in life people end up getting trapped in mindless rituals. It keeps the reward circuitry in the brain from decaying.

I once asked my wife, "what is my purpose in life?", and she has been cracking dolphin jokes at my expense ever since.

Is that a Hitchhikers Guide to the Galaxy reference?

Re: More men are addicted to the 'crack cocaine' of the stock market

#119

Post by epolanski »

lifestyleguru wrote: post #112
epolanski wrote: post #9

I remember a controversial scamming figure in Italy that made millions by selling lucky numbers for lotteries or exploiting people's stupidity to part them with their life savings. Her motto was "idiots _have_ to be scammed". While this figure was morally and ethically deplorable, it always made me think how her motto essentially implied that there was an element of pure natural selection happening and she saw hersel…

Is the person from Naples, perchance?

No, her name is Wanna Marchi.

Re: More men are addicted to the 'crack cocaine' of the stock market

#120

Post by codr7 »

ChrisMarshallNY wrote: post #32
epolanski wrote: post #9

I remember a controversial scamming figure in Italy that made millions by selling lucky numbers for lotteries or exploiting people's stupidity to part them with their life savings. Her motto was "idiots _have_ to be scammed". While this figure was morally and ethically deplorable, it always made me think how her motto essentially implied that there was an element of pure natural selection happening and she saw hersel…

Humans are slow, weak, eminently munchable. Lions, tigers, bears, etc., can really chow down on humans. The issue with humans, though, is they gang up, real good. Eat one (that others care about), and twenty come after you with belt-fed machine guns. Psycopaths may consider themselves to be predators, and "suckers," prey, but they tend to suffer the same fate as maneater lions, if they eat the wrong prey.

There are hunters even for predators...
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